# Economic Synopses

> A St. Louis Fed analysis says the yuan gained about 1% between January 3 and January 5, 2017, after more than two years of devaluation. The author links the yuan's decline to falling Chinese growth and interest rate expectations.

- Date: 2017-03-03 · published 2017-03-03T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/72225-economic-synopses
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

The analysis shows the tension between Chinese authorities' desire for a stable yuan and the need to raise rates. Ongoing currency pressure can affect Chinese import demand for feed.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2023-10-16 | [What’s driving the renminbi in China? \| Oxford Economics](https://feedsoft.ai/events/33862-what-s-driving-the-renminbi-in-china-oxford-economics.md) | +0.1% | -0.2% |
| USDCNY | 2019-05-15 | [CNY: Calm even with disappointing economic data - ING - Forex Crunch](https://feedsoft.ai/events/8444-cny-calm-even-with-disappointing-economic-data-ing-forex-crunch.md) | +0.4% | +0.6% |
| USDCNY | 2022-03-01 | [China's renminbi (CNY) will benefit from its safe haven status \| Oxford Economics](https://feedsoft.ai/events/42490-china-s-renminbi-cny-will-benefit-from-its-safe-haven-status-oxford-economics.md) | +0.2% | +1.0% |
| USDCNY | 2022-11-15 | [China keeps key lending rate unchanged as policymakers balance yuan, economic risks \| Financial Post](https://feedsoft.ai/events/8204-china-keeps-key-lending-rate-unchanged-as-policymakers-balance-yuan-economic.md) | +1.3% | -1.8% |
| USDCNY | 2017-04-20 | [Chinese yuan likely to remain relatively steady in Q2, says Scotiabank \| EconoTimes](https://feedsoft.ai/events/71715-chinese-yuan-likely-to-remain-relatively-steady-in-q2-says-scotiabank-econotimes.md) | +0.1% | -0.1% |

## Sources

- research.stlouisfed.org: https://research.stlouisfed.org/publications/economic-synopses/2017/03/03/the-peoples-bank-of-china-boosts-the-yuan

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.